Bearish MACD for Owens-Illinois - Tale of the Tape

Owens-Illinois Inc.’s (OI) MACD indicator has entered into bearish territory with a reading of -0.4281. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $27.37 in morning trade. The Zacks Consensus Estimate on the company’s earnings for 2010 has reduced 20 cents over the past week to $2.91 per share.
 
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